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17 High St 3,512 sq ft Retail Property High Wycombe HP11 2BH £1,725,000 (£491.17/sq ft) 6.25% Net Initial Yield
Investment Highlights
- Town Centre Restaurant let to Turkuaz Wycombe Limited T/A The Olive Tree High Wycombe
- Great transport links
- 5No. residential flats let on Assured Shorthold Tenancies.
Executive Summary
The freehold investment is available at a price of £1,725,000 subject to contract and exclusive of VAT, which equates to a net initial yield of approximately 6.25% after assuming normal purchasers costs and rising to a minimum of 6.54% on the 20th March 2028 when the restaurant rent increases to a minimum of £50,000 pax
Tenure: Freehold
Tenure: Freehold
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,512 sq ft
Costar Property Class
B
Year Built
1910
Price
£1,725,000
Price per sq ft
£491.17
Yield
6.25%
NOI
£107,813
Tenancy
Single
Number of Floors
4
Plot ratio
0.90
Total Plot Size
0.09 ac
Parking
2 Spaces (0.57 Spaces per 1,000 sq ft Leased)
Frontage
28 ft on High St
Amenities
- Bus Route
- Courtyard
- Dedicated Turn Lane
- Security System
- Storage Space
- Balcony
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Nearby Major Retailers
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Photos
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Map
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17 High St
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